Meta plans to double its AI data center capacity to 14 gigawatts by 2027, with its Richland Parish, Louisiana facility costing over $50 billion for 5GW, significantly higher than the previously reported $27 billion. Foxconn, a major AI server manufacturer, reported its largest year-over-year revenue growth this year, accelerating in June, while NVIDIA AI server rail supplier King Slide posted 220.5% YoY revenue growth for June. SK Hynix's Chairman stated customers are requesting 5-6x more HBM capacity than the company's planned 2x expansion over the next five years.
Hyperscalers are accelerating AI infrastructure capex and HBM demand is outstripping even aggressive supplier expansion plans, indicating sustained compute and memory tightness.